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USD/CAD

  • #6,781
  • Feb 2, 2015 4:55am Feb 2, 2015 4:55am
go to support
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1,,,.gif Size: 149 KB
  • #6,782
  • Feb 2, 2015 5:06am Feb 2, 2015 5:06am
Quoting Geppy
{quote} Seems logical... fighting an insanely strong trend, that is.
)))))
  • #6,783
  • Feb 2, 2015 5:10am Feb 2, 2015 5:10am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1.gif Size: 150 KB
  • #6,784
  • Feb 2, 2015 5:13am Feb 2, 2015 5:13am
What happend to CAD? Can see CAD strenght across my charts...
  • #6,785
  • Feb 2, 2015 5:17am Feb 2, 2015 5:17am
Quoting Dano12
{image}
when US opens and news come out we might be headed there.

as my logic atm is cad is way overbought,and as we know cad economy revolves around natural resources so oil gold and other exports that can easily be stored,instead incurring looses.Also they relay a lot on imports from US so that's huge hit for consumers.
  • #6,786
  • Feb 2, 2015 5:42am Feb 2, 2015 5:42am
Quoting pinkiaiii
{quote} when US opens and news come out we might be headed there. as my logic atm is cad is way overbought,and as we know cad economy revolves around natural resources so oil gold and other exports that can easily be stored,instead incurring looses.Also they relay a lot on imports from US so that's huge hit for consumers.
support test
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1.gif Size: 151 KB
  • #6,787
  • Feb 2, 2015 6:02am Feb 2, 2015 6:02am
^^ seems gonna be tough battle if it was to breach resistance.
  • #6,788
  • Feb 2, 2015 6:16am Feb 2, 2015 6:16am
Having breached ascending trend-line support, the USDCAD is more likely to test 1.2600.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 28 KB
  • #6,789
  • Feb 2, 2015 8:10am Feb 2, 2015 8:10am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1.gif Size: 156 KB
  • #6,790
  • Feb 2, 2015 12:28pm Feb 2, 2015 12:28pm
how you get the weekly pivots and stuff
  • #6,791
  • Feb 2, 2015 12:32pm Feb 2, 2015 12:32pm
What software is everyone using to trade? I have got a local South African broker but the software they have is exceptionally slow..
Looked into MT4, but don't I need a broker to go through, as it doesn't look like I can use them on its own.
Up and coming champion Pip collector.
  • #6,792
  • Feb 2, 2015 12:46pm Feb 2, 2015 12:46pm
Oh, the thread is finally alive again
Fix up, trade sharp ...
  • #6,793
  • Feb 2, 2015 3:32pm Feb 2, 2015 3:32pm
Quoting Shai1122
how you get the weekly pivots and stuff
I use a pivot indicator I found somewhere on FF. Here ya go
Attached File(s)
File Type: ex4 AutoPivotIndicator.ex4   7 KB | 346 downloads
File Type: mq4 AutoPivotIndicator.mq4   14 KB | 344 downloads
  • #6,794
  • Feb 2, 2015 3:36pm Feb 2, 2015 3:36pm
Finally the USD.CAD begins its downward trend . 1.2767 is 161.8 % on the monthly chart and today already corrected to 138.2 % . I still see room for further falls, up 123.6 % = 124.02 . During the month we can see USD.CAD in 1.2256 . Main resistance at the moment is 1.2650 .
  • #6,795
  • Feb 3, 2015 3:37pm Feb 3, 2015 3:37pm
Confirmed, USD.CAD begins to look down. Today the minimum reached 1.2350
  • #6,796
  • Feb 4, 2015 12:24am Feb 4, 2015 12:24am
Quoting Geppy
{quote} Seems logical... fighting an insanely strong trend, that is.
Sounds logical, buying at the top while early longs are already selling their positions to you. Novice mistake.
  • #6,797
  • Feb 4, 2015 12:31am Feb 4, 2015 12:31am
Getting ready to take the elevator up again...
  • #6,798
  • Feb 4, 2015 8:20am Feb 4, 2015 8:20am
Quoting julesocean
Getting ready to take the elevator up again...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1.gif Size: 171 KB
  • #6,799
  • Feb 4, 2015 8:40am Feb 4, 2015 8:40am
Quoting Kanzler
{quote} Sounds logical, buying at the top while early longs are already selling their positions to you. Novice mistake.

Novice trader talking about novice mistake.
  • #6,800
  • Feb 4, 2015 9:48am Feb 4, 2015 9:48am
Was this the low already? If you are not already long, I would not buy now. Waiting for a dip to buy this again.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 23 KB
Fix up, trade sharp ...
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